Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Stock Price Up 6.2% – Still a Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF)’s share price was up 6.2% during trading on Thursday . The company traded as high as $27.50 and last traded at $26.65. Approximately 2,035 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 61,991 shares. The stock had previously closed at $25.10.

Mitsubishi Heavy Industries Stock Down 3.1%

The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $84.34 billion, a PE ratio of 50.00 and a beta of 0.50. The company’s 50-day moving average is $27.47 and its 200 day moving average is $25.08.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $1,282.47 billion. Mitsubishi Heavy Industries had a return on equity of 10.23% and a net margin of 4.92%.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.